The Monad ecosystem DEX development team Kuru Labs has completed a $11.5 million Series A funding round, led by Paradigm

ChainCatcher news, according to The Block, Kuru Labs announced the completion of a $11.5 million Series A funding round led by Paradigm, dedicated to building a new type of decentralized exchange that integrates automated market maker (AMM) and centralized limit order book (CLOB) architecture on the Monad blockchain.

Kuru adopts a default AMM strategy, providing foundational liquidity for each order book, aiming to enhance on-chain trading flexibility and depth. The project previously completed a $2.2 million seed funding round. Investors also include several angel investors such as 0xDesigner and Zagabond.